402 days ago
And Boatman, which exposed the accounting howlers at Babcock (BAB) in its March 31 2017 and 2018 accounts is dead right. The fines and censures handed out today will deter no accountant at all from enabling fraud.
480 days ago
First it was Viceroy Research savaging Home REIT (HOME), now Boatman Capital, the entity that exposed Babcock (BAB) and Argo Blockchain (ARB) has joined the battle. It claims to be long not short but its letter to Home below is damning and makes it clear that heads need to roll. Enjoy.
604 days ago
It s just 16 days to Sharestock and I bought the big tent for it yesterday!. It will not just be about shares to short. Peter Hambro will talk about gold and how to play it. Chris Bailey will talk about making money from long only value investing in a bear market and 3 CEOs will face a 15 minute grilling from me, including Optibiotix boss Steve O’Hara and Cathal Friel of Open Orphan. But the short sellers presenting are legends.
982 days ago
This 17 page dossier from Boatman Capital of Babcock (BAB) fame is just out this very second and is dynamite. I have repeatedly warned folks that Argo Blockchain (ARB) failed the smell test on a number of counts and that its valuation was insane but even I did not dream that things could be this bad. What is not alleged, but proved, in this dossier is dynamite and the shares should be suspended at once with heads forced to roll over what we now know. Of coursemillenial ESG freak fund managers are still drooling over the company appointing 3 women to the board the other day. To them that is far more important than a Texas land deal that stinks to high heaven and a legal dispute which suggests the company has not a shred of corporate integrity. The FCA may well consider a share suspension, ahead of that the shares are a nil brainer slam dunk sell/short This is superb research. Enjoy!
990 days ago
First up, after I nudged Paul Staines (Guido) we did get that hat tip as you can see HERE. Cheers Paul. I then look at Babcock (BAB), Boatman Capital and the corrupt deadwood press, Minoan (MIN), the fraud Zoetic (ZOE) and its missing results, Kefi (KEFI), Supply@ME Capital (SYME) and the missing shares and then at MyHealthChecked (MHC) where I expect the shares to zoom within weeks but which is causing me to spit nails.
1046 days ago
Last time bear raider Boatman set sail its target was Babcock (BAB). The company responded by hiring spooks at Kroll and getting poodle yellow journalists at the Sunday Times to target Boatman. It failed. The CEO, FD and Chairman of Babcock have had to walk the plank and the shares have crashed. So the next target…
1187 days ago
Let us be clear, Babcock (BAB) is not a fraud but it is a bad company. For several years now it has been poorly run. It has too much debt. It does not generate much cash, indeed it seems to be burning it. And on many of its contracts the margins are so wafer thin that there really seems little point in deploying capital to win them. Who says so?
1190 days ago
I start with Jubilee Metals (JLP) where I am way ahead but have had enough. The shares are cheap but I have had enough of Colin Bird spouting uttder bollocks. After today I now own more shares in this companmy than Bird but that is going to change. Soon, like me and Lance Armstrong with accepted Tour de France wins, we will be neck and neck. Then I look at Hawkwing (HNG), Babcock (BAB) and Conduity Capital (CCAP) run by scumbag Greg Collier.
1461 days ago
I have flagged up the corrupt nature of the deadwood press, and the Sunday Times in particular, numerous times on this website. The way it blew off Neil Woodford in return for “scoops” and again and again backs boards, who by dint of underperformance, are quite rightly under fire with dirty attacks on their critics is shameful. Babcock (BAB) is a case in point. Today the paper shows its true colours again with its coverage of NMC Health (NMC) and more especially, and shamefully, of EasyJet (EZJ).
1579 days ago
Almost entirely recovered from illness, this bonus Bearcast covers the latest shocking news in the great establishment cover up for disgraced Neil Woodford, The Sunday Times sucking PR (Bab) Cock as the man behind Boatman is revealed and the Miton Smaller Companies Fund of Gervais Williams. Its performance is dire and redemptions are vast, is it in really deep merde or just very serious trouble?
1650 days ago
Recorded in my car in the City where Neil Woodford’s crumbling empire is based I flag up something bad about Woodford Patient Capital Trust (WPCT) and discuss why sacking Babcock’s (BAB) FD is a pointless gesture.
1742 days ago
Boatman Capital has been the scourge of Babcock (BAB) but now shows it is not a one trick pony. Its next target is AVZ Minerals. It is Oz listed but the report is a fascinating insight into the seedy world of mining. We thus bring it to you in full below.
1767 days ago
In today’s bearcast I look at “lucky” Luke red flags and Patisserie Valerie, Neil Woodford, Babcock (BAB) and sumbag, lying or disingeneous, pond life journalist scum such as Ali Hussein, Sabah Meddings, Jamie Nimmo and the fraudster’s fave journo Ben Harrington.
1798 days ago
When bear raiders Boatman Capital savaged Babcock (BAB) with its first report, Babcock tried to play the man not the ball, casting aspersions on its anonymous critics but history has rather vindicated the bears not the board. Now Boatman has produced a second report, focused on the need for further write downs and on the complexity of the company’s structure. The report, in full, is below.
1946 days ago
Recorded in a car outside the mother-in-law's house in the Grim North I start with explaining just how bad this weekend will be for retail UK and what happens next. Then using ASOS (ASC) as a case study I go on to show why all broker research is pointless and worthless shite. Then to Babcock (BAB) and why bear raiders are ususally right, Boatman has been.
1977 days ago
In today's extra long bearcast my swearing is minimal and I start with the rather bleak macro picture. How long will the sell-off continue, what is causing it and what should you do? I then look at Audioboom (BOOM OR BUST), Sosandar (SOS), Wey Education (WEY), Frontera (FRR) and Babcock (BAB). You can book free seats to grill Sosandar, Nigel Wray etc on December 3 HERE
1979 days ago
In today's podcast I look at FastJet (FJET) - you were warned - Mercantile Ports & Logistics (MPL) - ditto - and Babcock (BAB) where the corrupt deadwood press do their best turd polishing today.
1986 days ago
In today's podcast I look at Babcock (BAB), which is not a fraud, and the fraud Globo (GBO) and the use of the word "refute". I also cover Johnston Press (JPR), RM2 (RM2) - another Neil Woodford dog - Haydale (HAYD) which looks increasing;y like a zero, Online Blockchain (OBC) and Amur Minerals (AMC)
2014 days ago
Bear analysts Boatman Capital made the schoolboy error of leaking part of its report to the Sunday Times. The deadwood press is part of the problem not the solution. Thus the Sunset Times scuttled off to Babcock (BAB) allowing the company to spin its side and the paper to run a piece slating the bear commentary. Such is the sordid state of financial journalism in Britain today. Anyhow for what it is worth the full report is now out and Babcock shares are starting to slide despite the company’s spinning c/o the deadwood press…
